Annual study reveals cost of a data breach keeps climbing
Written by Phil on April 22, 2009 in Business Continuity, InfoSecurity.
Data breaches cost organizations $202 per exposed record last year [2008], a 2.3 percent increase over 2007, concluded the fourth annual Ponemon Institute study.
The study, which examined the repercussions felt by 43 U.S. companies that suffered breaches last year, also revealed that lost business makes up nearly 70 percent of breach costs, up from 54 percent just two years ago. The average rate of churn — defined as the rate by which customers cease doing business with the breached firm — was 3.6 percent, up from 2.7 percent in 2007 and two percent in 2006.
See Annual study reveals cost of a data breach keeps climbing, by Dan Kaplan
Tags: cybersecurity, data breahc, infor, InfoSecurity
